Jamb Commerce Past Questions and Answers

Question 1221:

• JAMB 2016

Discharging certian duties by an organization to the public to gain high patronage is a concern of ?

A. Financial responsibility
B. Economic responsibility
C. Legal responsibility
D. Social responsibility

Question 1222:

• JAMB 2016

Complying with the rules relating to the conduct of business activities in a country is an aspect of

A. Cultural enviroment
B. Demographic environment
C. Legal environment
D. Political environment

Question 1223:

• JAMB 2016

Which of the following is a legal tender?

A. Cheque
B. Travellers cheque
C. Bank note
D. Goldsmith receipt

Question 1224:

• JAMB 2016

Which of the following is NOT backed by gold but by government securites?

A. Fiduciary note
B. Token money
C. Commodity money
D. Fiat money

Question 1225:

• JAMB 2016

Where a manufacturer doesn't collects money from wholesalers in exchange for goods produced is referred to as

A. Charge account
B. Trading checks
C. Trade credit
D. I owe you